Office Condominium with Private
New
For Sale
$950,000
8915 S 700 E, Sandy, UT 84070
Commercial Sale, Sandy, UT
Property Size5,000 SF
Lot Size0.01 Acres
Price / SF$190
Days on Market2
Property Features for 8915 S 700 E
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
BC
Interior features
Fireplace
Exterior features
Covered Parking
Fireplace
1
Accessibility
Accessible Elevator Installed
Subdivision
TWIN PEAKS OFFICE CONDO
Standard status
Active
APN
28-05-157-413
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
10918
Utilities
Cooling system
Central Air
Amenities
crown signage
fireplace
Building Details
Year built
2006
Flooring type
Hardwood, Marble
Listing Agency:
KW WESTFIELD · Keller Williams Realty
(801) 850-5600
Listed By:
Clay Winder · License #6425070
(801) 358-0970
Added: Oct 15
Last Checked: Oct 16 at 8:06AM
MLS# 2191357
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Investment Insights
Based on property information with market context.
This 5,000-square-foot office condominium combines Suites 203 and 204 into a single layout with 15 private offices, two meeting rooms, a reception area, and a full kitchen. Granite counters, marble and hardwood flooring, a fireplace, central air, and elevator service are among the interior features. The building was constructed in 2006, and covered parking is available; crown signage is also available.
Located at 8915 S 700 E in Sandy, the property offers access to I-15. The current owner has operated a practice in the space since 2021 and is relocating as the business has grown beyond its needs. The property is offered for sale and is also available for lease, with possession anticipated around January 15, 2027.
Located at 8915 S 700 E in Sandy, the property offers access to I-15. The current owner has operated a practice in the space since 2021 and is relocating as the business has grown beyond its needs. The property is offered for sale and is also available for lease, with possession anticipated around January 15, 2027.
Key Highlights
- 5,000‑square‑foot office condominium comprising Suites 203 and 204
- 15 private offices, two meeting rooms, reception area, and full kitchen
- Granite counters, marble and hardwood floors, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,495
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,900
$1.4M
Cap Rate 7%
$1,035,643
$1.0M
Cap Rate 9%
$805,500
$805.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$107.4K $21.48/SF
− Vacancy
−$10.7K −$2.15/SF
EGI
$96.7K $19.33/SF
− OpEx
−$24.2K −$4.83/SF
NOI
$72.5K $14.50/SF
Area
Salt Lake County, UT
Vacancy
10.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,900
Cap Rate 7%
$1,035,643
Cap Rate 9%
$805,500
Alternative Uses
Best Use
Office B
$1.04M
$906.2K – $1.21M
NOI $72,495 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$66.58M
$58.25M – $77.67M
NOI $4,660,379 @ 7.0% cap · market cap 490.57%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 84070, UT
30,885
Population
12,212
Households
2.5
Avg Household Size
34
Median Age
36%
College-Educated
93%
High-School Grad
7.3 sq mi
ZIP Area
4,231
Density / Sq Mi
$79,414
Median Household Income
$44,013
Median Earnings
$1,578
Median Rent
$429,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - The combined suite includes meeting rooms, reception space, a kitchen, and elevator access.
Where is this office units located?
The property is located at 8915 S 700 E Sandy, UT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,000‑square‑foot office condominium comprising Suites 203 and 204; 15 private offices, two meeting rooms, reception area, and full kitchen; Granite counters, marble and hardwood floors, and a fireplace
